Former Bank of England policy maker Adam Posen said Governor Mervyn King exerts too much power that goes unchallenged by officials at the central bank.
Former Bank of England policy maker Adam Posen said U.K. central bankers are likely to refrain “indefinitely” from further asset purchases as they mistakenly doubt the potency of quantitative easing.
Bank of England Governor Mark Carney may have caused financial markets to react excessively when he warned that interest rates could rise sooner than expected, a former BOE policy maker said.
Bank of England policy maker Adam Posen called on central banks from Europe to the U.S. to be more aggressive in combating lackluster economic growth and inflation.
Bank of England policy maker Adam Posen made the strongest call yet for the bank to restart its asset-purchase program.
"It is a reflection of a lousy recovery. As we are seeing in the euro area, and as we saw in Japan, if you let it go on for too long it becomes a lock-in, it reinforces a bad outcome."
- Adam Posen on Oct 09, 2014
Peterson’s Posen Says Portugal ‘Tip of a Small Iceberg’ (Audio)
Peterson’s Posen Says Ukraine Needs IMF Aid (Audio)
BOE’s Posen Says Fiscal Austerity Is Wrong Move
Peterson’s Posen `Confident’ Fed Can Exit QE
Peterson’s Posen Says Cyprus Plan `Not Sustainable’